Prince Harry and Meghan Markle have made a monumental decision regarding the future of their family.

The Duke and Duchess of Sussex announced on Wednesday that they'll be taking a step back from royal duties. In a statement to their followers on Instagram, Meghan and Harry explained that they'll be splitting their time between the United Kingdom and North America.

"After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution," Meghan and Harry, who are parents to son Archie Harrison, began their statement. "We intend to step back as 'senior' members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen."

Speaking more about their move, Harry and Meghan shared, "This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity."

"We look forward to sharing the full details of this exciting next step in due course, as we continue to collaborate with Her Majesty The Queen, The Prince of Wales, The Duke of Cambridge and all relevant parties," the couple's statement concluded. "Until then, please accept our deepest thanks for your continued support."

Prince Harry, Meghan Markle

SplashNews.com

This major announcement from Meghan and Harry is just one of the ways the couple is putting their own stamp on history. Since the start of their relationship, Meghan and Harry have made decisions that best fit their wishes and well-being, despite the opinion of critics. From unprecedented statements in the early days of their relationship to the announcement of legal action, Meghan and Harry have shown that they're not afraid to take a stand for what they believe in.

As new details emerge about the couple's latest move, let's take a look back at all of Harry and Meghan's history-making moments over the years!

Meghan Markle, Prince Harry, Boston Red Sox vs New York Yankees Baseball Game

Peter Nicholls/PA Wire

Prince Harry, Meghan Markle, Engagement Portrait

Alexi Lubomirski / Kensington Palace

Meghan Markle, Prince Harry, Royal Wedding, Dress

PA Images/INSTARimages.com

Meghan Markle, Prince Harry

Dominic Lipinski/PA Wire

Meghan Markle, Prince Harry, WellChild Awards

Jonathan Brady/PA Wire

Prince Harry, Meghan Markle Archie Harrison

Shutterstock

Prince Harry, Meghan Markle

SplashNews.com

Prince Harry, Meghan Markle

Tim Rooke/Shutterstock

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